How to Survive Without a Job

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How to Survive Without a Job. These days, it's safe (though discouraging) to assume that you'll eventually have to live through a period of time where you aren't working. Unemployment poses questions, such as how you can pay bills and where you'll be working next. It's important to remember that this situation is more common than you think, and you can survive a time without a job.

Go immediately to your local unemployment office. Since you won't be bringing in a paycheck for an undetermined amount of time, it's important to get your unemployment benefits moving. You have been paying into these benefits via taxes, and now is the time to take advantage of them. Find out what you're entitled to so that the money can help you out.

Start your job search right away. A lot of the recently unemployed figure that it won't be so difficult to find a new job and decide that now is as good a time as any to take that vacation or relax. This is a dangerous trap you don't want to fall into. The employment market is precarious, and the sooner you get back out there, the sooner you'll be earning a steady income again.

Create a plan for your spending. No matter how you look at your budget, your bills need to be paid, and you have less money now to accomplish this. Make a list of all your regular expenditures and all your sources of income. Also list areas where you spend money on non-necessities, and plan to cut them out.

Stay away from credit. This includes credit cards, loans and home equity lines of credit. As a general rule in the credit game, you shouldn't borrow any more than you are able to repay, and without your regular income, your ability to repay is minimal. Save your credit cards for absolute emergencies, again referring to your new spending plan to cut out luxuries.

Rely on your family and friends. Not necessarily for financial help, although if it gets to that point and they offer, you should consider accepting. But your family and friends may be able to provide a network of contacts in the working world and emotional support when times get tough.

Utilize your savings account. Hopefully, you've been putting money away into an emergency fund. Now is the time to use it. Circumstances such as surviving without a job qualify you to tap into your savings. If you don't have a savings account, take this as a learning experience and start one when you begin your new job.

Consider a part-time job. Although a part-time job may affect your unemployment entitlement, its benefits far outweigh this factor. It will keep you busy and stave off depression and make you feel useful and productive. It may open up an opportunity for full-time employment, and if not, it shows other potential employers that you're not lazy.


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